StateJobsNY

NY HELPNo

AgencyState Comptroller, Office of the

TitleAssistant Actuary - Item # 07077

Occupational CategoryNo Preference

Salary Grade14

Bargaining UnitPS&T - Professional, Scientific, and Technical (PEF)

Salary RangeFrom $49202 to $62806 Annually

Employment Type Full-Time

Appointment Type Contingent Permanent

Jurisdictional Class Competitive Class

Travel Percentage 0%

Workweek Mon-Fri

Hours Per Week 37.5

Workday

From 8 AM

To 4 PM

Flextime allowed? No

Mandatory overtime? No

Compressed workweek allowed? No

Telecommuting allowed? Yes

County Albany

Street Address Office of the New York State Comptroller

110 State Street

City Albany

StateNY

Zip Code12236

Minimum Qualifications Interested candidates must have a Bachelor’s degree including or supplemented by 24 credit hours in
Mathematics, Statistics or Actuarial Sciences, successful completion of one examination of the Society
of Actuaries or Casualty Actuarial Society and must be reachable on the Open-Competitive list for the
Assistant Actuary, Assistant Actuary » Department of Civil Service (ny.gov).

Duties Description • Fiscal Notes and Cost Estimates
Begin to learn the process of performing cost analyses associated with proposed legislative improvements that impact retirement benefits. Includes working with our Legal department to ensure proper drafting of legislation, reviewing/preparing costs, documenting calculations and preparing written correspondence to the requestors.
• Option 4 DRO retirements
Perform calculations of custom designed retirement benefit payments where we are required per a Domestic Relations Order. Learn how to read the DRO’s and calculate the actuarially equivalent benefits as directed.
• Various actuarial calculations.
Perform/check various actuarial calculations such as municipal bond refundings, restorations, structured settlements, and 415 limits. Develop a mastery of Excel. Communicate results to other bureaus.
• Checking actuarial reports.
Review the Report of the Actuary and the statistical components of the CAFR. Review and develop a mastery of the actuarial valuation report and the annual report on assumptions.

Additional Comments Desired Competencies
• Quick learner
• Integrity
• Serious minded about work and passing actuarial exams
• Flexible and adaptable to learning new things
• Technological savvy, especially Microsoft Excel and Access
• Ability to program (VBA, Oracle, SQL)
• Written and oral communication skills

Some positions may require additional credentials or a background check to verify your identity.

Name Jennifer Brantigan

Telephone (518) 474-1924

Fax (518) 486-6723

Email Address recruit@osc.ny.gov

Address

Street Office of the New York State Comptroller, Office of Human Resources

110 State Street

City Albany

State NY

Zip Code 12236

Notes on ApplyingNotes on Applying: Interested candidates should submit a cover letter and resume to recruit@osc.ny.gov no later than October 20, 2022. Please reference Item #07077 -OER-JB when responding.
When responding, please include the reference number and letters listed in this section. The OER ID # should not be included.